Scammers Hack Trump Family X Accounts to Push Malicious Crypto Links

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Bitdegree2024/09/03 16:00

By:Written by Gode S.,

Key Takeaways The X accounts of Tiffany and Lara Trump were hacked; Scammers used the accounts to promote a fake memecoin inspired by the Trump family's DeFi project World Liberty Financial; The token saw a trading volume of $1.37 million before its value crashed.

The X accounts of Donald Trump's daughter and daughter-in-law, Tiffany and Lara Trump, were hacked on September 4 and posted malicious links to a fraudulent crypto project.

The hack was first reported on the official Telegram group of World Liberty Financial , the Trump family's new decentralized finance (DeFi) project.

The message warned, "Lara's and Tiffany Trump's X accounts have been hacked. Do NOT click on any links or purchase any tokens shared from their profiles."

Lara Trump's husband, Eric Trump, confirmed the hack in an X post, which was later deleted , revealing that scammers had taken over his wife's and sister's accounts. He later announced that both accounts had been locked.

X users reported that the hackers had used the accounts to promote a Solana -based memecoin inspired by the World Liberty Financial project. This raised eyebrows, as both Eric and Donald Trump had previously denied launching or endorsing any such token.

Despite this, the fraudulent token still managed to reach a trading volume of $1.37 million and a peak price of $0.0053 before the value dropped.

World Liberty Financial is planned to be a platform that challenges traditional banking systems. Although details remain vague, Donald Trump has suggested it could position the United States as a leader in crypto.

As the 2024 presidential election approaches, Donald Trump has become a supporter of the crypto industry. He has publicly endorsed Bitcoin mining , expressed his intention to remove Gary Gensler from his role as Chair of the US Securities and Exchange Commission (SEC), and even launched crypto-themed projects, including BTC-inspired sneakers and an NFT collection .

Overall, the hack serves as a stark reminder of the security risks in crypto, particularly when it involves high-profile individuals.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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